by Peter Schiff, CEO of Euro Pacific Capital
The Federal Reserve has launched QE infinity. As Peter Schiff put it, the Fed has gone all-in on quantitative easing.
So, what does this mean? What are the ramifications of all this debt monetization and money printing? In his podcast, Peter said this is where the problems really start.
The US stock markets got a mega-boost Tuesday as the reality of QE infinity began to sink in. The Dow Jones saw its biggest point gain in history, up 2112.98 points. It was the biggest percentage gain since, 1933, during the bear market in the midst of the Great Depression.
Peter said he was expecting a stimulus-related rally or correction.